How to Set Up Your Real Estate Business for Retirement: A Guide for New and Seasoned Agents
Manage episode 473842031 series 3559138
Retirement planning isn’t just for agents nearing the end of their careers—it’s a crucial strategy from day one! In this episode of The Unstoppable Real Estate Agents Podcast, we’ll break down how to build a real estate business that supports you now and continues to generate income into retirement. Whether you’re a new agent or a seasoned professional, these actionable steps will help you create financial security for the future.
What You’ll Learn in This Episode:
🔹 Step 1: Establish a Business Mindset – Why treating your real estate practice like a business is essential for long-term success.
🔹 Step 2: Build a Strong Client Database – How to leverage your CRM, maintain client relationships, and create a referral network for continued income.
🔹 Step 3: Create Multiple Streams of Income – Explore options like rental properties, referral fees, coaching, and digital products.
🔹 Step 4: Plan for a Business Transition – Strategies for selling, transferring, or gradually phasing out your real estate business.
🔹 Step 5: Financial and Legal Planning – The importance of working with a financial advisor, planning for healthcare, and protecting your assets.
Final Thoughts: The best time to start planning for retirement is NOW! No matter where you are in your real estate career, taking steps today ensures a smoother, financially secure transition when the time comes.
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Resources & Links:
Steps to Take Over a Retiring Agent's Business
https://www.kimhughes.com/podcast/steps-to-take-over-a-retiring-agents-business/
The Buyer Homebook
https://www.kimhughes.com/buyer-homebook/
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📩 FREE RESOURCE: Download my Complete Checklist – 72 To-Dos’s to Dominate Success in Real Estate to supercharge your strategy! https://www.kimhughes.com/72-to-dos/
Visit my website for more FREE Templates: https://www.kimhughes.com/resources/free-downloads/
Get ready to become insanely organized with the 90 Day Real Estate Planner for you - https://www.kimhughes.com/90-day-real-estate-planner/
Power Strategy Call – Best 30 minutes you will ever spend discussing the struggles in your business as we create solutions that will set you up for unbelievable success! Go to http://www.TalkwithKimHughes.com
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🎧 Podcast Show Notes: https://www.kimhughes.com/podcast/how-to-set-up-your-real-estate-business-for-retirement-a-guide-for-new-and-seasoned-agents/ 📕 Read the Blog: https://www.kimhughes.com/how-to-set-up-your-real-estate-business-for-retirement-a-guide-for-new-and-seasoned-agents/
📽️ Watch the Video: https://youtu.be/qD5EGejY-ng
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At Kim Hughes & Company we offer you the tools you need to take your business to the next level….. http://www.TheUltimateExpiredListingSystem.com http://www.TheRealEstateAssistantPlaybook.com
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Visit My StanStore for Products to help you improve your business and Life. https://stan.store/kimhughes
Checkout my Amazon Store for all your business supplies and client gifts and maybe pick up something for yourself. 😊 https://www.amazon.com/shop/kimhughes _____________________________________________________________________
Let’s Connect:
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